149
149
Aug 14, 2013
08/13
by
CNBC
tv
eye 149
favorite 0
quote 0
still to come in the show, president obama says thanks, but no thanks as lawmakers and washington insiders lend advise on ben bernanke's replacement. who are investors backing for the top job? we'll discuss after the break. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. >>> welcome back to the show. president obama wants some space to decide who he will be nominating to replace fed chairman ben bernanke. reuters reports the white house is annoyed that senate democrats wrote a letter to the president critical of former treasury secretary larry summers, urging him to pick fed vice chair janet yellen instead. deputy chief of staff nabor addressed the issue with harry reid's top staffer who says reid will support whom ever the president chooses. president obama isn't expected to make his choice until sometime this fall. still with us is dara at h
still to come in the show, president obama says thanks, but no thanks as lawmakers and washington insiders lend advise on ben bernanke's replacement. who are investors backing for the top job? we'll discuss after the break. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new...
188
188
Mar 13, 2013
03/13
by
CNBC
tv
eye 188
favorite 0
quote 0
gentlemen, thank you both. great to see you both this morning. president obama will meet with a group of ceos at the white house today to discuss ways to improve cybersecurity. the president will solicit input on how the government and private sector can best work together. earlier this week it was said companies are increasingly concerned about cyberattacks originating from china and jpmorgan is the latest victim of cyberattacks. chase.com was unable to users on tuesday hit by a denial of service attack. the hacker activist group is claiming responsibility. it has pledged to hit several u.s. banking websites. >>> the faa cleared boeing's battery fix perhaps setting the stage for 787 to once again take flight. we'll tell you more when we come back on "worldwide exchange." [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're goi
gentlemen, thank you both. great to see you both this morning. president obama will meet with a group of ceos at the white house today to discuss ways to improve cybersecurity. the president will solicit input on how the government and private sector can best work together. earlier this week it was said companies are increasingly concerned about cyberattacks originating from china and jpmorgan is the latest victim of cyberattacks. chase.com was unable to users on tuesday hit by a denial of...
145
145
Jan 2, 2013
01/13
by
CNBC
tv
eye 145
favorite 0
quote 0
speaking after the vote, president obama thanked congress for approving the deal. >> the sum total of all the budget agreements we've reached so far proves that there is a path forward. that it is possible. if we focus not on our politics but what's -- but on what's right for the country. the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the bill sets up the next fight in around two months when the spending cuts are set to take effect and america hits the debt ceiling. treasury secretary geithner's taken steps to delay the date by halting investment in two government worker pension funds. the president is vowing to avoid a repeat of 2011 saying he won't engage congress in a debate over the debt ceiling. >> we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be
speaking after the vote, president obama thanked congress for approving the deal. >> the sum total of all the budget agreements we've reached so far proves that there is a path forward. that it is possible. if we focus not on our politics but what's -- but on what's right for the country. the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out...
111
111
May 13, 2013
05/13
by
CNBC
tv
eye 111
favorite 0
quote 0
thanks so much for joining us. is it noteworthy that we've gone from one democratically elected government through another election process to perhaps the formation of a new democratic government? >> very notable because you have to understand, this was an election which lost around 100 people in the process in the buildup. the taliban essentially declared war on the process. the election commission claimed that over 60% of registered voters came out. it became a two-man race. nawaz sharif came back out of nowhere. essentially secured most of the parliament. the other campaigned on the not an anti-american platform but anti-war platform didn't do well. they had very different areas of concern. they had very different campaigns. the anti-war mess sage didn't work. >> what message do he and his party have? >> hahn is fighting for second place right now in a legislature that seems to be dominated by sharif 678 let's talk about sharif for a second. he says he's pro business. the business community seems to have it runn
thanks so much for joining us. is it noteworthy that we've gone from one democratically elected government through another election process to perhaps the formation of a new democratic government? >> very notable because you have to understand, this was an election which lost around 100 people in the process in the buildup. the taliban essentially declared war on the process. the election commission claimed that over 60% of registered voters came out. it became a two-man race. nawaz...
120
120
Dec 11, 2013
12/13
by
CNBC
tv
eye 120
favorite 0
quote 0
helia, thank you very much for that. still to come, just a year ago, president obama was riding high after his re-election victory, but he's ending 2013 on a low note dubbed by troubles with his health care program. there's the latest nbc/"wall street journal" poll coming up. ya know, with new fedex one rate you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> a recap of the headlines, shake my hand. the house and the senate agree on a budget deal. debt limits still loom. >>> hilton world would it is getting set for an ipo. >>> and hp's ceo meg whitman issued a rally cry. she says there is a future for desktop computers. >>> and what a difference a year makes. president obama started out 2013 on a high note. coasting to a high approval rating following his re-election. but amid a series of challenges over the past several months, that public support has faded dramatically. bertha coombs is at cnbc hq in
helia, thank you very much for that. still to come, just a year ago, president obama was riding high after his re-election victory, but he's ending 2013 on a low note dubbed by troubles with his health care program. there's the latest nbc/"wall street journal" poll coming up. ya know, with new fedex one rate you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex....
231
231
Dec 13, 2013
12/13
by
CNBC
tv
eye 231
favorite 0
quote 0
brent, thanks for that. joining us from new york at the wrap. >>> the obama administration, meanwhile, has fixed some of the problems that plague its health insurance website in october and november. now it's turning its attention to 2014. that's when thousands of people will flood the system with new insurance plans. bertha has more for us from cnbc hq in the states. morning, bertha. >> the obama add mitch administration is trying to stave off some surprises for americans. this includes a one-month extension program for people with chronic illnesses. the government is asking insurer toes be flexible with rules when patients see their existing doctor and refill prescriptions in the first few days of 2014 in case their new health plans haven't kicked in yet. that is the big concern here in what they're trying to stave off. consumers now have until december 23rd to sign up for insurance plans on the exchanges that began for these plans that will begin on new year's day. and the obama administration is encourag
brent, thanks for that. joining us from new york at the wrap. >>> the obama administration, meanwhile, has fixed some of the problems that plague its health insurance website in october and november. now it's turning its attention to 2014. that's when thousands of people will flood the system with new insurance plans. bertha has more for us from cnbc hq in the states. morning, bertha. >> the obama add mitch administration is trying to stave off some surprises for americans. this...
310
310
Sep 27, 2013
09/13
by
CNBC
tv
eye 310
favorite 0
quote 0
president obama continues calls for a straightforward bill to increase borrowing. but a bipartisan solution seems far off. with republicans demanding a delay to obama care as well as tax overhauls. >> we're not going to submit to this kind of total irresponsibility. congress needs to pay our bills on time. congress needs to pass a budget on time. congress needs to put an nd to governing from crisis to crisis. >> the president says i'm not going to negotiate. well, i'm sorry, you about it just doesn't work that way. >> joining us now from new york is lance roberts. lance, give us your thoughts where you're saying the market is not react to go this this time around. i question that because we have seen five straight days of selling on wall street. how can you say the market is not concerned about this issue? >> i shouldn't say that they're not concerned entire. they're obviously concerned a little bit. but we had a very, very sharp rally last week because of the larry summers stepping down, of course, the syrian resolution, the fed, no taper decision, .that pushed st
president obama continues calls for a straightforward bill to increase borrowing. but a bipartisan solution seems far off. with republicans demanding a delay to obama care as well as tax overhauls. >> we're not going to submit to this kind of total irresponsibility. congress needs to pay our bills on time. congress needs to pass a budget on time. congress needs to put an nd to governing from crisis to crisis. >> the president says i'm not going to negotiate. well, i'm sorry, you...
149
149
Dec 30, 2013
12/13
by
CNBC
tv
eye 149
favorite 0
quote 0
. >> thank you very much. >>> that's the latest from hampton. meanwhile, a look at some of the other stories we're following today. the obama administration says more than 1.1 million people have signed up for health insurance through the government's website. the overwhelming majority have come this month alone. experts say it should top 2 million once states report their figures. that would fall short of the original goal signing up 3.3 million by january 1st. they're being pushed to hire a ceo to run the federal insurance exchange. that would be responsible for rules and technology as well as coordinating with insurance and state regulators. the administration says the idea isn't being considered. >>> still to come, they may be getting ready to ring in 2014 in times square, but a little group downtown that is set to ring out the year. will there be more happy returns in the next 12 months? we'll get more insights on the year that was and the year to come. to us, eagle. ♪ 2,000 feet. still looking very good. 1,400 feet. ♪ [ male announcer
. >> thank you very much. >>> that's the latest from hampton. meanwhile, a look at some of the other stories we're following today. the obama administration says more than 1.1 million people have signed up for health insurance through the government's website. the overwhelming majority have come this month alone. experts say it should top 2 million once states report their figures. that would fall short of the original goal signing up 3.3 million by january 1st. they're being...
132
132
Sep 12, 2013
09/13
by
CNBC
tv
eye 132
favorite 0
quote 0
president obama is working on capitol hill. we won't hear from them until monday. this is an ongoing fluid story. >> hadley, for now, thanks very much, indeed, hadley gamble, our middle east correspondent. >> this is where we stand with global equities right now. six to four vapsers outpacing decliners. i'm sorry, three to two is what i should say. pretty flaft right now, the ftse 100 was up from four points yesterday. this morning, gains despite the fact that we had triple digit gains for the dow jones industrial average. up 0.2% for the german and uk markets. the cac 40 is flat. the ftse mib is fairly flat, as well. it's still expecting improvement in the second half of the year. stocks up nearly 5%. we have ricardo group at 1.85%. so i think it's encouraging growth in both autos and basket size, as well. next, up 0.3%, 8.2 % rise for next. and finally, home retail group up around 4% e at the moment, confirming its full year profit guidance after like-for-like sales increased 2.7% over the last year with those comparable sales at its home based stores jumped arou
president obama is working on capitol hill. we won't hear from them until monday. this is an ongoing fluid story. >> hadley, for now, thanks very much, indeed, hadley gamble, our middle east correspondent. >> this is where we stand with global equities right now. six to four vapsers outpacing decliners. i'm sorry, three to two is what i should say. pretty flaft right now, the ftse 100 was up from four points yesterday. this morning, gains despite the fact that we had triple digit...
183
183
Sep 24, 2013
09/13
by
CNBC
tv
eye 183
favorite 0
quote 0
elizabeth, thanks very much, indeed, for joining us. what trajectory do you think these talks are now going to take? >> well, the talks are taking place in the security council. and what we hope is that there's a strong message not only that assad will get rid of his chemical weapons by june 2014 because there's a strong enforcement mechanism and that seems to be the sticking point. >> yeah. and so if we have that as a sticking point, if we don't resolve it, what happens? >> well, then there's a question of whether or not there will be military intervention, if there are other means that can be used to persuade assad to go along with the deal that's been struck, try to get rid of the chemical weapons. >> elizabeth, i'm just wondering, if you don't have this, if assad is not facing the threat of force, how -- can he really be expected, can you trust him to let the u.n. in and give up they will these chemical weapons? how reeltistic is this scenario if the threat of force is taken out of the equation? >> if the threat of force is taken ou
elizabeth, thanks very much, indeed, for joining us. what trajectory do you think these talks are now going to take? >> well, the talks are taking place in the security council. and what we hope is that there's a strong message not only that assad will get rid of his chemical weapons by june 2014 because there's a strong enforcement mechanism and that seems to be the sticking point. >> yeah. and so if we have that as a sticking point, if we don't resolve it, what happens? >>...
193
193
Dec 17, 2013
12/13
by
CNBC
tv
eye 193
favorite 0
quote 0
. >> james, thanks so much for joining us, james wade. >>> president obama is going to meet with several top executives or top tech executives at the white house. he's expected to discuss their concerns with the nsa's buying program, fixing the troubled health care website and it comes after a day the judge ruled the nsa's collection of phone records is likely illegal. the president will meet with 15 executives, including apple's tim cook, yahoo!'s marissa mayer and google's eric schmidt. >>> and smartphone penetration grew from 56% at the beginning of 2013 to nearly two-thirds of u.s. mobile subscribers today, according to research firm nielsen. the app top reading is the top for users. >>> meanwhile, apple has revealed its top apps for the year and the winner is candy crush saga, the most downloaded iphone app in 2013. >>> and facebook is going to start selling video ads this week. that's right. "the wall street journal" reports that starting thursday, the ads will pay automatic news feeds regardless on whether people click on them. one of the first ads will be a teaser trailer. video
. >> james, thanks so much for joining us, james wade. >>> president obama is going to meet with several top executives or top tech executives at the white house. he's expected to discuss their concerns with the nsa's buying program, fixing the troubled health care website and it comes after a day the judge ruled the nsa's collection of phone records is likely illegal. the president will meet with 15 executives, including apple's tim cook, yahoo!'s marissa mayer and google's eric...
105
105
Oct 2, 2013
10/13
by
CNBC
tv
eye 105
favorite 0
quote 0
dee, ross, back to you. >> thank you for that, seema. on a programming note, john har would have had will have an exclusive interview with president obama today on closing bell. that a is at 4:00 p.m. eastern. make sure you don't miss that. >>> also still to come on "worldwide exchange," prime minister benjamin netanyahu has vowed israel will stand alone if necessary to keep nuclear weapons out of iranian hands. lyrics: 'take on me...' ♪ ♪ 'take me home...' ♪ 'i'll be gone...' ♪ 'in a day or...' man: twooooooooooooooooo! is that me, was i singing? vo: not paying for scheduled maintenance feels pretty good. no-charge scheduled maintenance now on every new volkswagen. that's the power of germngineering ♪ [ male announcer ] more room in economy plus. more comfort, more of what you need. ♪ that's... built around you friendly. ♪ the ocean gets warmer. built around you friendly. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investmen
dee, ross, back to you. >> thank you for that, seema. on a programming note, john har would have had will have an exclusive interview with president obama today on closing bell. that a is at 4:00 p.m. eastern. make sure you don't miss that. >>> also still to come on "worldwide exchange," prime minister benjamin netanyahu has vowed israel will stand alone if necessary to keep nuclear weapons out of iranian hands. lyrics: 'take on me...' ♪ ♪ 'take me home...' ♪...
102
102
Apr 10, 2013
04/13
by
CNBC
tv
eye 102
favorite 0
quote 0
president obama delivers his budget to congress today. more than two months overdue. south korea and japan remain on high alert amid fears that north korea may launch new missile tests and european stocks follow wall street higher as they welcome a drop in italian yields at an auction just moments ago. >>> still to come on the program, rockefeller foundation has a way to finance social projects. we'll talk about investor interest in impact investing. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way
president obama delivers his budget to congress today. more than two months overdue. south korea and japan remain on high alert amid fears that north korea may launch new missile tests and european stocks follow wall street higher as they welcome a drop in italian yields at an auction just moments ago. >>> still to come on the program, rockefeller foundation has a way to finance social projects. we'll talk about investor interest in impact investing. [ male announcer ] how can power...
147
147
Feb 12, 2013
02/13
by
CNBC
tv
eye 147
favorite 0
quote 0
you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour into the trading day in europe. pretty even stevens, actually. we're keeping our focus in the uk on barclay's. as we are on the xetra dax and the ibex and the cac 40. so no clear direction, as you can see. now, the nikkei was trading again today. let's show you where we've finished with the nikkei. up 2%. this morning, the yen was weakening again. we've seen it down against the dollar. we were bound at those may 2010 lows yesterday. shanghai composite up 0.5%. the hang seng up slightly, as well. we were flat in australia and the kospi down slightly flat. the au
you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour...
196
196
Sep 6, 2013
09/13
by
CNBC
tv
eye 196
favorite 0
quote 0
. >> thank you for that. back to one of our top stories this morning, president obama is facing growing pressure from world leaders not to launch military strikes in syria. u.n. chief ban ki-moon warned from the g-20 summit in st. petersburg this morning that any intervention in syria could worsen sectarian violence. but on the sidelines of g-20 talks, obama has been making calls from abroad to key lawmakers back home seeking support for a limited scope use of military force. u.s. senate majority leader harry reid said he is guardedly optimistic that the senate will approve the white house's use of force resolution by the end of next week according to a report from reuters. steve is in st. petersburg and has been following the talks. steve, want to bring a flash to you from reuters. says obama stressed that the u.s. has high confidence that syria used chemical weapons. he's got a lot of convincing to do back home and, of course, in st. petersburg. may not necessarily be met with open ears. >> yeah. and that's
. >> thank you for that. back to one of our top stories this morning, president obama is facing growing pressure from world leaders not to launch military strikes in syria. u.n. chief ban ki-moon warned from the g-20 summit in st. petersburg this morning that any intervention in syria could worsen sectarian violence. but on the sidelines of g-20 talks, obama has been making calls from abroad to key lawmakers back home seeking support for a limited scope use of military force. u.s. senate...
100
100
Nov 29, 2013
11/13
by
CNBC
tv
eye 100
favorite 0
quote 0
care is all about and the political fallout, as well. >> hampton, thank you for that and i hope you had a good day yesterday. >> thank you. >> thank you for that. still to come, november is ending on a high note for u.s. equities with a major indices sitting at new highs. will there be plenty of stocking stuffers? we'll get some early market insight from the cme and also our final thoughts from andy, as well. >>> futures say we're going to go higher this morning. the dow is currently some 37 points above fair value. 14 for the nasdaq. joining us is todd horwitz, founder of averagejoeoptions.com. andy goldberg is still with us, as well. todd, happy thanksgiving. i hope you had a good day. anything to stop the markets from moving higher? equities going higher? >> good morning, ross. good morning, andy. you know, if you look at it, maybe the tryptophan from the turkey will stop it. but i believe we're more in bubble territory here. you can't get in the way of it because there's no telling how much farther we can go. the only thing i do see is we are seeing whether the fed wants to tape
care is all about and the political fallout, as well. >> hampton, thank you for that and i hope you had a good day yesterday. >> thank you. >> thank you for that. still to come, november is ending on a high note for u.s. equities with a major indices sitting at new highs. will there be plenty of stocking stuffers? we'll get some early market insight from the cme and also our final thoughts from andy, as well. >>> futures say we're going to go higher this morning. the...
230
230
Apr 29, 2013
04/13
by
CNBC
tv
eye 230
favorite 0
quote 1
is it time for president obama to get tough? we'll talk about that when we come back. lets you talk face-to-face and share whatever's on your screen. blackberry z10 with bbm video. built to keep you moving. see it in action at blackberry.com/z10 >>> use trail ya's government has found itself caught in a new bind. the prime minister has confirmed there will be a 12 billion aussie dollar budget hold this year because of weaker tax revenues pes the high dollar as well as exporting jobs squeezes the profits of exporting firms with lower profits to these companies comes lower company tax going to government. we can't assume that this will change soon. >> as a result, australia is now expected to introduce extensive spending cuts in its coming budget on may the 14th. gillard says the cutbacks won't be so harsh as to stifle growth or hurt the needy. >>> and while top money pouring into asia has helped the region to be an economic growth leader, the imf has seen some risk. boosting credit growth potentially to the point of overheating.
is it time for president obama to get tough? we'll talk about that when we come back. lets you talk face-to-face and share whatever's on your screen. blackberry z10 with bbm video. built to keep you moving. see it in action at blackberry.com/z10 >>> use trail ya's government has found itself caught in a new bind. the prime minister has confirmed there will be a 12 billion aussie dollar budget hold this year because of weaker tax revenues pes the high dollar as well as exporting jobs...
263
263
Oct 3, 2013
10/13
by
CNBC
tv
eye 263
favorite 0
quote 0
thanks much indeed for coming in. how do you think we're set here ahead of the holiday season with this government shutdown? >> well, i think retailers are a little less optimistic looking for 3 plus and estimates all over the board. shopper trak came at 3.4%. i think we've had a tough back-to-school season. all the money has been going into houses and cars and tech, so in general, retailers are going to inventory, leanly, they'll hire as few people as possible. they're going to hunker down and hope we don't have a debt limit issue that's a big problem just like the continuing resolution has been a big problem. none of this is going to help retail and we have the shortest retail selling season for holiday we can get so nothing is going the right way at the moment for retail sales for christmas? what you just said based on the assumption this government shutdown lasts only a few days versus a few weeks, what are the implications of the length of this shutdown? >> well, if the shutdown is all that happens we'll see toug
thanks much indeed for coming in. how do you think we're set here ahead of the holiday season with this government shutdown? >> well, i think retailers are a little less optimistic looking for 3 plus and estimates all over the board. shopper trak came at 3.4%. i think we've had a tough back-to-school season. all the money has been going into houses and cars and tech, so in general, retailers are going to inventory, leanly, they'll hire as few people as possible. they're going to hunker...
128
128
Nov 4, 2013
11/13
by
CNBC
tv
eye 128
favorite 0
quote 0
. >> thank you. >> great to have you in the studio and good luck with the rest of your travels. nina davuluri, miss america, 2014. >>> it's been a tough month for the obama administration marked by the rocky rollout of the president's new health care program. a new survey shows while americans are aware of obama care, not that many have tried to sign up for coverage. let's get out to bertha coombs. is this a lack of interest or many people can't get online to sign up? >> it's hard to say but i would imagine the technology problems certainly are adding to this. the survey by the commonwealth fund finds that 17% of americans who are potentially eligible for coverage under the affordable care act, known as obama care, have visited the new health insurance exchanges to enroll in a plan, either by mail, phone orion line. the commonwealth fund is a private foundation that supports independent research on health care reform. the poll was conducted between october 9th and october 27th right in the thick of all of the problems that we've been seeing with the website. 60% of people say th
. >> thank you. >> great to have you in the studio and good luck with the rest of your travels. nina davuluri, miss america, 2014. >>> it's been a tough month for the obama administration marked by the rocky rollout of the president's new health care program. a new survey shows while americans are aware of obama care, not that many have tried to sign up for coverage. let's get out to bertha coombs. is this a lack of interest or many people can't get online to sign up?...
191
191
Jul 19, 2013
07/13
by
CNBC
tv
eye 191
favorite 0
quote 0
. >> thank you very much. >>> alexandria lebenthal joins us on the phone. what is the impact on municipal bond holders from the news that chapter 9 has been declared from detroit? >> well, you've got about $17 billion in debt outstanding, and it will be interesting because up to this point, the bond holders had been faced with taking ten cents on the dollar for their bonds. so they were not looking forward to taking that and had thought that bankruptcy was probably the better option. so, you know, earlier there was a comment about negotiating good faith and i think the bond holders felt they weren't negotiating in good faith, because bonds are supposed to be the first obligation that a city, a state, a town, has and kevyn orr had put the bonds on the same par as every other obligation that the city had. >> yeah, so in other words instead of agreeing to the terms, the bond holders, they would rather go to bankruptcy court? >> yes. and, you know, now it is obviously up to a judge to decide, but judges typically are going to look back at past cases and go to p
. >> thank you very much. >>> alexandria lebenthal joins us on the phone. what is the impact on municipal bond holders from the news that chapter 9 has been declared from detroit? >> well, you've got about $17 billion in debt outstanding, and it will be interesting because up to this point, the bond holders had been faced with taking ten cents on the dollar for their bonds. so they were not looking forward to taking that and had thought that bankruptcy was probably the...
160
160
Oct 11, 2013
10/13
by
CNBC
tv
eye 160
favorite 0
quote 0
ross. >> hampton, thanks for that lining there. that's the latest from washington. joining us for more is julian, democratic strategist at law media group for analysis. julian, we finally have some movement, but are we -- you know, are we going to get anything more than sort of an agreement to extend the debt ceiling for six weeks? then i've got to worry here, we just keep coming back to this without ever getting any broad agreement on budget or, you know, debt sustainability. >> yeah. well, i think that's a fair worry. i think yes, we are on a track towards an agreement. i think certainly in the short-term is hampton errreport i think we're likely to get an extension and kicking the can down the road on budget extensions and debt negotiations. the reason you're sooep seeing that is republicans are cratering in the polls. the public is by a very, very strong margin blaming the republican party for this kind of -- this sector that we've seen over the last couple of weeks. they hold republicans far more accountable. and generally what you see during these budget negot
ross. >> hampton, thanks for that lining there. that's the latest from washington. joining us for more is julian, democratic strategist at law media group for analysis. julian, we finally have some movement, but are we -- you know, are we going to get anything more than sort of an agreement to extend the debt ceiling for six weeks? then i've got to worry here, we just keep coming back to this without ever getting any broad agreement on budget or, you know, debt sustainability. >>...
187
187
Mar 6, 2013
03/13
by
CNBC
tv
eye 187
favorite 0
quote 0
reacting to the news, president barack obama said the u.s. supports the venezuelan people and looks forward to developing a constructive relationship with the venezuelan government. we are joined with more. james, thanks for joining us. >> thank you. >> when we heard that chavez was ill, we saw a rally in venezuelan bonds. now that his death has happened, what happens for investors? >> well, i think they're going to be extremely cautious. there's going to be no -- i think any hopes of rapid short-term positive change for investors. they'll be frustrated, and the business environment as a whole will remain risky. the government is expected to call for elections. but i think that probably the vice president, maduro, will probably be the government candidate for elections and will probably win. poll data is uncertain. but he's received a massive boost through being anointed by chavez. and in that respect, the situation is different from a few months ago. >> yeah. and if he is indeed elected, does that mean a change? >> i think things will stay b
reacting to the news, president barack obama said the u.s. supports the venezuelan people and looks forward to developing a constructive relationship with the venezuelan government. we are joined with more. james, thanks for joining us. >> thank you. >> when we heard that chavez was ill, we saw a rally in venezuelan bonds. now that his death has happened, what happens for investors? >> well, i think they're going to be extremely cautious. there's going to be no -- i think any...
204
204
Feb 11, 2013
02/13
by
CNBC
tv
eye 204
favorite 0
quote 0
laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade this event? >> this particular weekend is a good weekend if you're going to have a nasty storm. it's after christmas selling season, it's after january clearance. it's before tax rebates start showing up, particularly this year, which is a bit more complicated to get your refund. so the timing really won't hurt much of retail. if you wanted to trade it, probably the way to do it would be to own home improvement companies because home depot and lowes, i'm sure, did see a pick up in their sales before this storm. >> so february being the kind of in between or quieter time as they perhaps get a boost, but does it bring forward demand? >> well, apparently stores, for example, are alrea
laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade this event? >> this particular weekend is a good weekend if you're going to have a nasty storm. it's after...
133
133
Apr 11, 2013
04/13
by
CNBC
tv
eye 133
favorite 0
quote 0
. >> thanks for that, seema. that's the latest on the tech rally. some of the other stories, as well, president obama is meeting with ceos of several u.s. banks at the white house. the bank includes swrammy dimon, michael korbett and moynahan. this is a trade group that represents 19 of the biggest u.s. financial terms. they're likely to discuss the u.s. budget, job creation, immigration reform as well as cyber security. >>> and most americans believe the so-called sequester budget cuts hurt the u.s. economy. in the latest nbc "wall street journal" poll, 47% say so nearly three times the number who say they help. but around 60% suggest the cuts have had little impact on their own families. president obama's approval rating has dropped since the white house and congress failed to reach a deal last month to avoid the sequester. it's now at 47%. it was 50 in february, 53% in december after the election. >>> the man who traded on inside information passed by former kpmg's senior partner has been identified. brian shore, who run aes wholesale jeweler and
. >> thanks for that, seema. that's the latest on the tech rally. some of the other stories, as well, president obama is meeting with ceos of several u.s. banks at the white house. the bank includes swrammy dimon, michael korbett and moynahan. this is a trade group that represents 19 of the biggest u.s. financial terms. they're likely to discuss the u.s. budget, job creation, immigration reform as well as cyber security. >>> and most americans believe the so-called sequester...
131
131
Sep 4, 2013
09/13
by
CNBC
tv
eye 131
favorite 0
quote 0
obama will hold by lilateral ta. john kerry and chuck hagel will be back on capitol hill today for more congressional hearings on syria. they'll be joined by the director of national intelligence james clapper and the joint chiefs chairman general martin dempsey. joining us now from turkey on the board with syria is jim mace maceda. what reaction in the middle east to what is the developments that have taken place both in terms of comments from putin and, of course, in the u.s. congress? >> reporter: hi there, ross. well, as you say, we're monitoring the situation here from turkey. it is a good example, you've got a nato ally and a friend of the u.s. which will soon have half a million syrian refugees to contend with here. and that has been a target of cross border attacks from syrian forces. so turks are watching the political battles unfolding in washington very carefully as are other u.s. allies. unlike most of them in this region, turkey is worried that anything less than a major offensive that would actually bri
obama will hold by lilateral ta. john kerry and chuck hagel will be back on capitol hill today for more congressional hearings on syria. they'll be joined by the director of national intelligence james clapper and the joint chiefs chairman general martin dempsey. joining us now from turkey on the board with syria is jim mace maceda. what reaction in the middle east to what is the developments that have taken place both in terms of comments from putin and, of course, in the u.s. congress?...
110
110
Nov 22, 2013
11/13
by
CNBC
tv
eye 110
favorite 0
quote 0
. >> annette, thank you. that's the latest from frankfurt and mario draghi. >>> california's health exchange has rejected extending canceled insurance plans past this year. last week, president obama proposed the change as an administrative fix to the troubled healthcare.gov site but left it up to states to decide whether to go along. california also says 80,000 people have signed up for private insurance through its marketplace through november 19th. that's about 20,000 more than was previously reported. the obama administration plans to delay the start of the second year of obama care enrollment by a month. the move gives insurers more time to set rates after they assess their experience with the process during 2014. >>> charter communications is reportedly near a deal with banks on financing for a bid for time warner cable. the "wall street journal" reports charter has talked with bank of america, barclays and deutsche bank about a multibillion dollar debt package. charter could also get cash from sovereig
. >> annette, thank you. that's the latest from frankfurt and mario draghi. >>> california's health exchange has rejected extending canceled insurance plans past this year. last week, president obama proposed the change as an administrative fix to the troubled healthcare.gov site but left it up to states to decide whether to go along. california also says 80,000 people have signed up for private insurance through its marketplace through november 19th. that's about 20,000 more...